2014 might be the best year in recent time to begin expanding if you’re a small business. It could be the best time to get financing to fund expanding operations.
Boston, MA (PRWEB) May 29, 2014
LeaseQ CEO and Founder Vernon Tirey was quoted, that despite present uncertainty, better times are coming, if they haven’t started to arrive already. “Without a doubt, we’re still in a bit of a hangover from the financial crisis of the late 2000’s,” Tirey said. “But the outlook is optimistic in the short term, at least so far in the first two months of 2014.”
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In January, the National Federation of Independent Business (NFIB) conducted a survey of small businesses and they found that as a whole, small business owners plan to expand their purchasing in the New Year. Despite these predictions, optimism had only risen in November from the October numbers by 0.9 points to 92.5. At that point in time, small business owners cited concerns about capital outlays and extending themselves too far.
After hitting an all-time low of 45 points in 2012, capital outlays have continued to rise since that point in time, reaching the mid-fifties at the end of 2013. And with credit for small businesses improving, the equipment leasing and financing industry is experiencing some of the most robust growth in its history.
This trend appears to be backed up by a study done by the Wall Street Journal in late 2013. The Journal surveyed 937 small business owners and found that 52% of small businesses were anticipating an improvement in the economy in 2014 with 38% feeling the economy would be even better in 2014 than the previous year. In that same study, 75 percent of those small businesses surveyed expected better sales in 2014 as well.
Tirey’s LeaseQ is experiencing this improvement firsthand in greater demand for leasing and financing services through LeaseQ’s proprietary One Touch Platform. Positive trends in the equipment leasing industry have led the continued growth in LeaseQ’s business but that growth is not solely a result of the rising tide of the equipment leasing industry. Many of the leases that LeaseQ brokers include small business owners looking to either expand or upgrade their current equipment, indicating an optimistic outlook for sales growth for these very same small businesses in the coming year.
Continued Tirey, “2014 might be the best year in recent time to begin expanding if you’re a small business. It could be the best time to get financing to fund expanding operations whether it’s expanding into new office space or upgrading and expanding the equipment needed for continued or growing operations. We’re seeing this optimism firsthand in leasing and financing in the small business sector.”
LeaseQ Offers Small Businesses Financial Alternatives to Cash Purchasing
Although a full economic recovery is by no means a guarantee, leasing and financing equipment is a small alternative to a flat out cash purchase as it conserves capital and makes economic sense. Financing that equipment lease through LeaseQ’s free online platform makes the whole process even easier.
LeaseQ matches businesses who have a need for new equipment with the financing lenders, rates and plans which best match their finances. Even for new businesses and businesses with challenged credit, LeaseQ is able to find the best financial solution to suit almost any financial situation - regardless of economic conditions.
How Does It Work With LeaseQ?
When a borrower uses the LeaseQ One Touch online platform, they simply fill out some
initial information about themselves and their company. The powerful underwriting engine does the heavy lifting behind the scenes. The applicant then instantly gets competitive quotes for the equipment they need before they have to choose a lender or complete the application.
After a borrower enters some initial financial information, the LeaseQ One Touch Platform instantly runs a “soft” credit inquiry, so there is no impact on a person’s credit rating. The profile information is then matched with leading equipment lenders to produce a quote which best fits the applicant’s financial needs. There’s whole process is fast, free and devoid of pesky salespeople.
LeaseQ is an online market place based in Woburn, Mass. that connects businesses, equipment dealers, and leasing companies to make selling and financing equipment fast and easy. Try it out for yourself at http://www.LeaseQ.com